The below are noticed in this chart;1. Uptrend2. Hanging Man should be in red color3. The upper tail should be invisible or very small in size4. Hanging man tail should be min. two times of its body size.
A head and shoulders pattern is the uptrend. This is the extended move higher that eventually leads to exhaustion. Witness the lower top after the higher top. So, mark head and shoulders. Once it breaks the right